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Sichenzia Ross Ference LLP Acts as General Counsel in Rusoro Mining Limited’s $1.28 Billion Settlement with Venezuela

Press Release – New York, NY – October 15, 2018 – Sichenzia Ross Ference LLP announced today that it acted as general counsel for Rusoro Mining Limited (TSX-V: “RML”) in its $1.28 billion settlement with Venezuela after the government’s 2011 expropriation of Rusoro’s gold mining properties in the country.

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Sichenzia Ross Ference LLP Represents Rodman & Renshaw a Unit of H.C Wainwright in a $15 Million Upsized Public Offering of Medical Transcript Billing, Corp.

mtbc.com logo

Press Release – New York, NY – October 15,  2018 – Sichenzia Ross Ference LLP announced today that it has represented Rodman & Renshaw, a unit of H.C. Wainwright, as Exclusive Placement Agent and Boenning & Scattergood, Inc. as co-placement agent in a public offering of Series A Preferred stock for Medical Transcript Billing, Corp. (MTBC.NASDAQ).

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Sichenzia Ross Ference LLP Acts as Principal Attorney Liaison for Deep Yellow Ltd on OTCQX Listing

Press Release – New York, NY – October 9, 2018 – Sichenzia Ross Ference LLP announced today that it has sponsored Deep Yellow Ltd (OTCQX: “DYLLF”), an Australian specialist uranium mining company with major operations in Namibia, for the OTCQX. Sichenzia Ross is a qualified firm responsible for providing guidance on OTCQX requirements and recommending membership.  The Sichenzia Ross team was led by Partner Darrin Ocasio.

Ten Sichenzia Ross Ference LLP Attorneys Recognized as Super Lawyers for 2018

Press Release – New York, NY – October 9, 2018 – Sichenzia Ross Ference LLP, a leading corporate and securities law firm, announced today that ten of its attorneys were recognized by Super Lawyers Magazine for 2018:

  • Partner Tara Guarneri-Ferrara, Partner A.R. John Hitchings, Associate Ashley Jaber, Associate Will Rao, Partner James Turner and Partner Jay Yamamoto were all named New York Metro Rising Stars for 2018
  • Founding Partner Michael Ference and Partner Sameer Rastogi were recognized for their work in the Securities Litigation category
  • Founding Partner Gregory Sichenzia was recognized for his work in the Securities and Corporate Finance category
  • Associate Owen Kloter was recognized for his work in the Business Litigation category

The entire list of Super Lawyers for 2018 can be found here.

Sichenzia Ross Ference LLP Represents GSRX Industries Inc. in a $1.3 Million Private Placement

New York, NY – October 5, 2018 – Nationally recognized securities and corporate law firm, Sichenzia Ross Ference LLP, announced today that it represented GRSX Industries Inc. (OTCQB: “GSRX”), a company in the business of acquiring, developing and operating medical cannabis dispensaries, in a private placement of 1,035,600 units, consisting of a total of 1,035,600 shares and 517,800 warrants of the company’s common stock. The purchase price per unit was $1.25. GSRX received gross proceeds of $1.3 million.

The Sichenzia Ross Ference LLP team was led by Partner Darrin M. Ocasio and Associate S. Ashley Jaber.

Sichenzia Ross Ference LLP Represents ThinkEquity, a division of Fordham Financial Management as Sole Book-Running Manager on $10 Million Public Offering of Securities of  FlexShopper, Inc.

Press Release – New York, NY – October 1, 2018 – Sichenzia Ross Ference LLP announced today that it has represented ThinkEquity, a division of Fordham Financial Management, Inc. as sole book-running manager in an underwritten public offering of $10 Million of Units of FlexShopper, Inc. (Nasdaq FPAY).

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California’s New Commercial Financing Disclosure Legislation

Introduction

On August 31, 2018, the California State Senate passed novel legislation, Senate Bill 1235, which requires new disclosures for certain commercial financing, such as loans, factoring transactions, and, potentially, merchant cash advances (MCAs). California Governor Jerry Brown has until September 30 to sign this legislation, and it appears likely that he will.

Senate Bill 1235 represents a major development that would have a significant impact on commercial financing for small- to medium-sized businesses in California. It is the first such legislation of its kind in the nation and may potentially encourage similar legislation in other states.

While disclosure obligations for consumer loans have long existed, including the federal Truth in Lending Act and Regulation Z, Senate Bill 1235 would be the first to require similar disclosure obligations for commercial financing.

The Legislation

The legislation’s key requirement is that providers of commercial financing disclose the following information at the time of extending an offer of commercial financing to a financing recipient:

  1. the total amount of funds provided;
  2. the total dollar cost of the financing;
  3. the term or estimated term;
  4. the method, frequency, and amount of payments;
  5. a description of prepayment policies; and
  6. the total cost of the financing expressed as an annualized rate (similar to an annual percentage rate”, or APR).  This particular requirement will sunset on January 1, 2024.

Providers would also need to obtain the financing recipient’s signature on these disclosures prior to closing the financing.

These disclosure requirements apply to recipient companies located in California, regardless of the financing provider’s location.

The legislation defines “commercial financing” as commercial loans and accounts receivable purchase transactions (i.e., factoring), including, presumably, merchant cash advances.

The legislation includes several exemptions: (1) for depository institutions, (2) financings of more than $500,000, (3) closed-end loans with a principal amount of less than $5,000, and (4) transactions secured by real estate.

The legislation tasks the California Department of Business Oversight (DBO) with developing regulations to clarify certain disclosure details, such as calculation methods, and the time, manner, and format of the disclosure. Providers are not required to comply with the legislation until the DBO issues the regulations, which is not expected until 2019. The DBO will likely specify an effective date that allows providers with adequate time to come into compliance.

The legislation leaves open several questions. Firstly, and critically for MCA providers, it allows an alternative method of disclosing the annualized rate—permitting, instead of the actual annualized rate, the disclosure of “an example of a transaction that could occur under the general agreement.” This “example” option is presumably intended to address the impossibility of calculating the disclosure amounts for a merchant cash advance until the transaction has concluded. MCA companies, however, would presumably not be permitted to utilize the alternative “example” disclosure because, as written, the legislation makes this option available only to providers of factoring or asset-based lending,” but fails to mention MCAs (defined as “accounts receivable purchase transaction[s]” in the legislation).

In addition, while the legislation provides that its requirements are subject to DBO examination and enforcement, it fails to address whether private recipients of commercial funding have a private right to sue to enforce the legislation.

Conclusion

Should the legislation pass, it would have a significant impact on commercial financing in California, mandating consumer-type disclosures for commercial transactions, including accounts receivable purchases. Companies providing commercial financing would have to choose between compliance with the legislation, challenging the law in court, or limiting the financing options they offer in California. Conversely, companies receiving commercial financing would indeed see enhanced disclosures but might also find fewer financing options available to them should providers stop offering regulated financing options in California.

About the author

Mendy Piekarski

Mendy Piekarski

Mr. Piekarski’s practice focuses on securities and complex commercial litigation in state and federal courts as well as in various arbitration tribunals. He also represents corporations and individuals before the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and other U.S. regulatory agencies.
Mendy Piekarski

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    Sichenzia Ross Ference LLP Acts as Principal Attorney Liaison for Fatfish Internet Group Ltd on OTCQX Listing

    Press Release – New York, NY – September 14, 2018 – Sichenzia Ross Ference LLP announced today that it has sponsored Fatfish Internet Group Ltd (OTCQX: “FFTTF”), an Australian venture capital firm specializing in seed, early stage and growth stage investments in the mobile, e-commerce and fintech sectors, for the OTCQX.

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    Sichenzia Ross Ference LLP Acts as Principal Attorney Liaison for Deep Yellow Ltd on OTCQX Listing

    Press Release – New York, NY – September 14, 2018 – Sichenzia Ross Ference LLP announced today that it has sponsored Deep Yellow Ltd (OTCQX: “DYLLF”), an Australian specialist uranium mining company with major operations in Namibia, for the OTCQX. Sichenzia Ross is a qualified firm responsible for providing guidance on OTCQX requirements and recommending membership.  The Sichenzia Ross Ference team was led by Partner Darrin Ocasio.

    Sichenzia Ross Ference LLP Represents New Age Beverages Corp. in $12 Million Credit Facility

    new age beverage corp. logo

    Press Release – New York, NY – August 24, 2018 – Sichenzia Ross Ference LLP announced today that it has represented New Age Beverages Corporation (NASDAQ “NBEV”) in a loan and security agreement with Siena Lending Group LLC which provides for a $12 million aggregate principal amount revolving credit facility, which is subject to availability based on eligible accounts receivables and eligible inventory of the Company.

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    Founding Partner Gregory Sichenzia Featured in the Media Discussing Scrutiny of Elon Musk’s Twitter Communications

    Press Release – New York, NY – August 14, 2018 – Sichenzia Ross Ference Kesner LLP founding partner Gregory Sichenzia was quoted in a Business Insider and CTPost article discussing Elon Musk’s tweets about potentially taking Tesla private. Sichenzia mentioned that Musk includes at least one statement that could open the Tesla CEO to further scrutiny. Please read the full article here.

    Founding Partner Gregory Sichenzia Featured on Business Insider Discussing Elon Musk’s Tweets and Securities Legality

    Press Release – New York, NY – August 8, 2018 – Sichenzia Ross Ference Kesner LLP founding partner Gregory Sichenzia was quoted in a Business Insider article discussing Elon Musk’s tweets about potentially taking Tesla private. Sichenzia discussed potential rationale and motivation for the tweets, and also emphasizes the need for public company executives to seek legal advice prior to communicating with the public. Please read the full article here.

    Sichenzia Ross Ference Kesner LLP Represents New Age Beverages Corporation in a $4.75 Debt Transaction

    new age beverage corp. logo

    Press Release – New York, NY – June 20, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it represented New Age Beverages Corporation (“NASDAQ. NBEV”), a Colorado based organic and natural healthy beverage company in a $4.75 million senior secured convertible promissory note transaction. A portion of the proceeds were used to repay the Company’s line of credit with US Bank. The Company also converted debt held by Sunkist Growers, Inc. an agricultural marketing cooperative, into shares of its common stock.

    The Sichenzia Ross Ference Kesner LLP team was led by Partners, Gregory Sichenzia and Marcelle Balcombe and Of Counsel, Kimberly Boler.

    Sichenzia Ross Ference Kesner LLP Represents ThinkEquity, a Division of Fordham Financial Management as Sole Book-Running Manager on $18 Million Public Offering of Securities of Trovagene, Inc.

    trovagene logo

    Press Release – New York, NY – June 12, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it has represented ThinkEquity, a division of Fordham Financial Management, Inc., as sole book-running manager on its first underwritten public offering since launching its new ThinkEquity division.

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    Partner Marc J. Ross Presents Webinar on Cannabis, “Weeding Out the Confusion In Marijuana Law”

    New York, NY – June 7, 2018 – Partner Marc Ross will be presenting a webinar course at the Clear Law Institute, “Weeding Out the Confusion In Marijuana Law”, on Thursday, June 7, 2018. This presentation, which is Continuing Legal Education (“CLE”) accredited, will discuss the conflicts between state and federal law and their impact upon the marijuana industry, generally as well as the banking, tax and various other issues facing the growing marijuana industry, specifically.

    More information about the webinar is available here.

    Sichenzia Ross Ference Kesner LLP Represents Pareteum Corporation in $6.1 Million Registered Direct Offering

    pareteum logo

    New York, NY – May 14, 2018 – Nationally recognized securities and corporate law firm, Sichenzia Ross Ference Kesner LLP, announced today that it represented Pareteum Corporation (NYSE: TEUM), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, in a registered direct offering of 2,440,000 shares of common stock. The purchase price per share was $2.50. Pareteum received gross proceeds of $6.1 million.

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    Sichenzia Ross Ference Kesner LLP Represents Acolyte Group in the Sale of its LED Lighting Business to CapStreet Private Equity Group

    acolyte group

    May 2, 2018 — New York, NY.  Sichenzia Ross Ference Kesner LLP (“SRFK”) represented The Acolyte Group, a New York based provider of fully integrated LED lighting systems, in the sale of its entire business to General LED, a portfolio company of Houston, Texas based private equity firm Cap Street Group.

    The SRFK team was led by Partners Thomas Rose and Gregory Sichenzia and Counsel Jeff Cahlon with assistance from Counsel Todd Manister from the SRFK Real Estate Group.

    Sichenzia Ross Ference Kesner LLP Represents A.G.P/ Alliance Global Partners (through Euro Pacific Capital) in $8 Million Public Offering of Common Stock of Cocrystal Pharma, Inc.

    cocrystal pharma

    Press Release – New York, NY – May 3rd, 2018 –  Sichenzia Ross Ference Kesner LLP announced today that it has represented A.G.P./Alliance Global Partners, offering securities through Euro Pacific Capital, in an underwritten public offering of shares of common stock of Cocrystal Pharma, Inc. (NASDAQ: COCP). Cocrystal sold an aggregate of 4,210,527 shares of common stock at a price of $1.90 per share. Cocrystal is a clinical stage biotechnology company discovering and developing novel antiviral therapeutics that target the replication machinery of hepatitis viruses, influenza viruses, and noroviruses.  The Sichenzia Ross Ference Kesner LLP team was led by partners Marc Ross, Avital Perlman and Tom Rose.

    Sichenzia Ross Ference Kesner LLP Represents Sunworks, Inc., in a $3.75 Million Debt Transaction

    sunworks solar power

    Press Release – New York, NY – April 27, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it represented Sunworks, Inc. (NASDAQ: SUNW), a premier provider of high performance solar power systems, in a $3.75 million two year term loan transaction. The lender is CrowdOut Capital LLC. Management, including the Chief Financial Officer, also participated in $750,000 of the loan amount.

    The Sichenzia Ross Ference Kesner LLP team was led by Partners Gregory Sichenzia and Marcelle Balcombe.

    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals. We also represent clients in a range of residential and commercial real estate and trusts and estates matters.

    Visit SRF's LinkedIn page
    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference Kesner LLP Represents New Age Beverages Corp. in $4 Million Underwritten Public Offering

    new age beverage corp. logo

    Press Release – New York, NY – April 12, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it has represented New Age Beverages Corp.  (NASDAQ: NBEV) in a public offering of 2,285,715 shares of its common stock at a price of $1.75 per share for gross proceeds to NBEV of $4,000,000. A.G.P/ Alliance Global Partners  (Euro Pacific Capital) and Maxim Group L.L.C. acted as the Joint Book Running Managers for the offering.  The Sichenzia Ross Ference Kesner LLP team was led by Partners Gregory Sichenzia, Marcelle Balcombe, and Counsel Jeff Cahlon.

    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals. We also represent clients in a range of residential and commercial real estate and trusts and estates matters.

    Visit SRF's LinkedIn page
    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference Kesner LLP Represents Rodman & Renshaw, a Unit of H.C Wainwright, in a  $10.5 Million Public Offering of Medical Transcript Billing, Corp.

    mtbc.com logo

    Press Release – New York, NY – April 11, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Rodman & Renshaw, a unit of H.C. Wainwright, as Exclusive Placement Agent and Boenning & Scattergood, Inc. as co-placement agent in a public offering of Series A Preferred stock for Medical Transcript Billing, Corp. (NASDAQ: MTBC).

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    Sichenzia Ross Ference Kesner LLP Represents AYTU Bioscience, Inc., in $12 Million Public Offering

    aytu bioscience

    Press Release – New York, NY – March 6, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it has represented AYTU Bioscience, Inc. (NASDAQ: AYTU) in a $12 million public offering of Class A Units, comprising common stock and warrants and Class B Units comprising Series B Preferred Stock and Warrants. A total of 19,520,000 Class A Units were sold at a price of $0.45 per unit and 3,216 Class B Units were sold at a price of $1,000 per unit.  The warrants are exercisable at a price of $0.54 per share for a term of 5 years. Joseph Gunnar & Co. acted as the Sole Book Running Managing Underwriter and Fordham Financial Management, Inc. acted as the Lead Managing Underwriter.

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    Sichenzia Ross Ference Kesner LLP Represents MoneyOnMobile, Inc., in a $5 Million Private Placement

    moneyonmobile-logo

    Press Release – New York, NY – February 12, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it represented MoneyOnMobile, Inc. (“MOMT”), a global mobile payments technology and processing company, in a private placement offering with accredited investors in which MOMT received $4,998,000 in consideration for the issuance of 1,666 shares of Series H Preferred Stock and a five year warrant to purchase 3,332,000 shares of common stock at an exercise price of $0.50 per share.

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    Sichenzia Ross Ference Kesner LLP Represents MoneyOnMobile, Inc., in $7.6 Million of Private Placements

    moneyonmobile-logo

    Press Release – New York, NY – February 8, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it represented MoneyOnMobile, Inc. (“MOMT”), a global mobile payments technology and processing company, in a private placement offering with accredited investors where MOMT sold an aggregate of 5,567 shares of Series F Preferred Stock.

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    Sichenzia Ross Ference Kesner LLP Represents Roth Capital Partners and Brookline Securities in a $5.5 Million Public Offering of QBIO Med.

    QBioMed

    Press Release – New York, NY – February 1, 2018 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Roth Capital Partners LLC as lead Placement Agent and CIM/Brookline Securities, as Co-Lead Placement Agent in a public offering of Common Stock and Warrants Series for QBIO Med, Inc. (OTC.QBIO). QBIO is a biotechnology acceleration and development company focused on acquiring and in-licensing life science therapeutics products.

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    Sichenzia Ross Ference Kesner LLP Represents Vuzix Corporation in $30 Million Above-Market Registered Direct Offering

    vuzix view the future logo

    Press Release – New York, NY – January 26, 2016 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Vuzix Corporation (NASDAQ “VUZI”) in a Registered Direct public offering of 3,000,000 million registered shares of its common stock at a price of $10.00 per share and 1,200,000 1 year common stock purchase warrants with an exercise price of $10.00 per share  for gross proceeds to Vuzix of $30,000,000. Chardan Capital Markets LLC acted as the exclusive Placement Agent for the offering.  The Sichenzia Ross Ference Kesner LLP team was led by Partners Gregory Sichenzia, Thomas Rose, and Counsel Jeff Cahlon. continue reading >>

    Sichenzia Ross Ference Kesner LLP represents Teamtronics, Inc. in acquisition of High-Tech Solutions, Inc.’s Automotive Pattern Recognition Business

    Press Release – New York, NY – January 25, 2018 – Securities and corporate law firm Sichenzia Ross Ference Kesner LLP is pleased to announce that the firm has represented Teamtronics, Inc., a manufacturer of portable, rugged computerized equipment for industrial and field automation in its acquisition of High-Tech Solutions’ Automotive Pattern Recognition (“HTS-APR”) business. The acquisition includes all applicable assets including the intellectual property and customer base. The purchase price was approximately $4.0 million.

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    Sichenzia Ross Ference Kesner LLP Congratulates Novume Solutions, Inc., on Nasdaq Uplisting

    novume solutions inc.

    Press Release – New York, NY – January 12, 2018 –  Sichenzia Ross Ference Kesner LLP announced today that the Firm represented Novume Solutions, Inc. (NASDAQ: NVMM), a leading provider of support services to the government contracting market, in the Company’s up-listing to the Nasdaq Capital Market. The Sichenzia Ross Ference Kesner LLP team was led by Partners Tom Rose and Marcelle Balcombe. The up-listing was effective for trading on January 10, 2018 and Novume’s common stock will trade under its existing stock symbol “NVMM.”

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    The new deduction for qualified businesses: gobbledygook on steroids

    Using some of the worst gobbledygook* we have seen in a while, Congress in the 2017 tax reform act has provided a tax break for some business owners, starting in 2018. It comes in the form of a deduction equal to a portion of your business profits, with limits. You can claim the deduction whether or not you itemize deductions. Here is a 10,000-foot view of the legislation, intended primarily to enable you to determine whether you need to deal with this puppy in the first place.

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    Under new tax law, sales by foreign partners of U.S. partnership interests are once again taxable.

    In an August 2017 posting we reported that the U.S. Tax Court had held that, notwithstanding an IRS revenue ruling to the contrary, the sale by a foreign partner of his interest in a U.S. partnership was not a taxable transaction to him (assuming he was not otherwise a U.S. taxpayer), just as the sale of stock in a U.S. corporation is not a taxable transaction to a foreign shareholder. (“Tax Court: Foreign investors not taxable on sales/liquidations, of U.S. partnership interests.”)

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    Sichenzia Ross Ference Kesner LLP Represents Biotricity Inc. in $2.5 Million Registered Direct Offering

    biotricity logo

    Press Release – New York, NY – December 22, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Biotricity Inc. (OTCQB:BTCY”) in a Registered Direct public offering of 450,164 registered shares of its common stock at a price of $5.50 per share for aggregate proceeds of approximately $2.5 million.

    The Sichenzia Ross Ference Kesner LLP team was led by Partners Gregory Sichenzia and David Manno.

    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals. We also represent clients in a range of residential and commercial real estate and trusts and estates matters.

    Visit SRF's LinkedIn page
    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference Kesner LLP Represents Vuzix Corporation in $12.5 Million Registered Direct Offering

    vuzix

    Press Release – New York, NY – December 18, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Vuzix Corporation (NASDAQ “VUZI”) in a Registered Direct public offering of 2,066,116 million registered shares of its common stock at a price of $6.05 per share and 1,033,058 3-year common stock purchase warrants with an exercise price of $7.00 per share  for gross proceeds to Vuzix of $12,500,000.

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    Sichenzia Ross Ference Kesner LLP Represents Rodman & Renshaw, a unit of H.C Wainwright, in a $3.9 Million Public Offering of Medical Transcript Billing, Corp.

    mtbc - medical transcription billing corp. logo

    Press Release – New York, NY – December 11, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Rodman & Renshaw, a unit of H.C. Wainwright, as Exclusive Placement Agent and Boenning & Scattergood, Inc. as co-placement agent in a public offering of Series A Preferred stock for Medical Transcript Billing, Corp. (MTBC.NASDAQ).

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    Sichenzia Ross Ference Kesner LLP Represents Pareteum Corporation in $6.58 Million Registered Direct Offering and Concurrent Private Placement

    pareteum logo

    Press Release – New York, NY – December 6, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it represented Pareteum Corporation (NYSE American: “TEUM”), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, in a registered direct offering and private placement offering of 7,151,146 shares of common stock and restricted five-year warrants to purchase up to 7,151,146 shares of common stock exercisable at $1.09 per warrant.

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    Sichenzia Ross Ference Kesner LLP Represents CloudCommerce, Inc., in Acquisition of WebTegrity, LLC

    Press Release – New York, NY – November 17, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented CloudCommerce, Inc., a global provider of cloud-driven e-commerce and mobile commerce solutions, in its acquisition of WebTegrity, LLC (“WebTegrity”), a provider of enterprise digital marketing services based in San Antonio, Texas, through a merger with and into Parscale Digital, Inc., a wholly owned subsidiary of CloudCommerce, Inc.

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    Sichenzia Ross Ference Kesner LLP Represents Pareteum Corporation in $12.0 Million Firm Commitment Public Offering

    pareteum logo

    Press Release – New York, NY – November 9, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it represented Pareteum Corporation (NYSE American: “TEUM”), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, in a firm commitment underwritten offering of 9,009,478 shares of common stock, 4,034 shares of preferred stock (each of which shares is an equivalent of 920 shares of common stock), and five-year warrants to purchase up to 7,478,228 shares of common stock exercisable at $1.05 per warrant.

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    Sichenzia Ross Ference Kesner LLP Congratulates AYTU Biosciences, Inc., on NASDAQ Uplisting

    aytu bioscience

    Press Release – New York, NY – October 19, 2017 –  Sichenzia Ross Ference Kesner LLP announced today that the Firm represented AYTU Biosciences, Inc. (NASDAQ: AYTU), in the Company’s up-listing to the NASDAQ Capital Market. The Sichenzia Ross Ference Kesner LLP team was led by founding Partner Gregory Sichenzia and Partner Marcelle Balcombe. The up-listing is effective for trading on October 20, 2017 and AYTU’s common stock will trade under its existing stock symbol “AYTU.”

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    Sichenzia Ross Ference Kesner LLP Represents Joseph Gunnar and Fordham Financial Management in $6.75 Million Registered Direct Offering of Common Stock of Ampio Pharmaceuticals, Inc.

    Press Release – New York, NY – October 18, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented Joseph Gunnar & Co.  as Lead Placement Agent and Fordham Financial Management Co-Placement Agent  in a $6.75 million Registered Direct Public Offering of Common Stock of Ampio Pharmaceuticals, Inc. (“NYSE.AMPE”).

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    Sichenzia Ross Ference Kesner LLP Represents Pareteum Corporation in $1.56 Million Shelf Take Down

    pareteum logo

    Press Release – New York, NY – October 12, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented Pareteum Corporation (“Pareteum”), a rapidly growing mobile Cloud Communications Platform company, in connection with its shelf take down of 1,495,000 shares of its common stock. Gross proceeds to Pareteum from this offering are $1,569,750 before deducting placement agent’s commissions and other expenses.  Dawson James Securities acted as placement agent for the offering.

    The Sichenzia Ross Ference Kesner LLP team was led by Partner Darrin M. Ocasio, Counselors Jeffrey Cahlon, and Cheryll J. Calaguio and Associate Evan Berger.

    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals. We also represent clients in a range of residential and commercial real estate and trusts and estates matters.

    Visit SRF's LinkedIn page
    Sichenzia Ross Ference LLP

    Sichenzia Ross Ference Kesner LLP Cited as Top-Ranked Legal Counsel for PIPE Issuers in the Third Quarter 2017

    Press Release — October 3, 2017 — New York, NY — Sichenzia Ross Ference Kesner LLP was recently cited as the top-ranked issuer legal counsel with eight PIPE placements advised in the third quarter 2017, according to The Deal.  The Deal’s exclusive League Table ranking tracks PIPEs that raise at least $1 million between January 1 and September 15, 2017. To read the press release, please click here.

    Sichenzia Ross Ference Kesner LLP Represents Rodman & Renshaw a unit of H.C Wainwright in a $6.0 Million Public Offering of Medical Transcript Billing, Corp.

    mtbc.com logo

    Press Release – New York, NY – September 28, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Rodman & Renshaw, a unit of H.C. Wainwright, as Exclusive Placement Agent and Boenning & Scattergood, Inc. as co-placement agent in a public offering of Series A Preferred stock for Medical Transcript Billing, Corp. (MTBC.NASDAQ).

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    Sichenzia Ross Ference Kesner LLP Real Estate Group Represents One Wall Partners in a $63 Million, 16-Building, Portfolio Acquisition

    one wall partners

    Press Release – New York, NY – September 20, 2017 – The real estate practice group of SRFK announced today that it recently closed on a $63 million, 16 building, multi-family, portfolio acquisition for One Wall Partners.  One Wall Partners is a vertically integrated real estate investment firm that specializes in the acquisition, development and management of transit-oriented workforce housing.  The Sichenzia Ross Ference Kesner LLP team was led by partner Anthony Ficara, counsel Michael Wickersham and associate Laura Kim.

    Sichenzia Ross Ference Kesner LLP Represents Joseph Gunnar & Co., LLC in $10 Million Public Offering of American Depository Shares of BiondVax Pharmaceuticals Ltd. (Israel)

    biondvax pharmaceuticals

    Press Release – New York, NY – September 19, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Joseph Gunnar & Co., LLC. as sole book running manager in the underwritten public offering of American Depository Shares (ADS’s) of BiondVax Pharmaceuticals, Ltd. (NASDAQ: BVXV, TASE BVXV), a clinical stage biopharmaceutical company focused on developing a universal flu vaccine. The public offering consisted of 1,500,000 ADS’s and the full overallotment of 166,667 additional ADS’s at a public offering price of $6.00 per ADS for gross proceeds of $10 million.  The Sichenzia Ross Ference Kesner LLP team was led by partners Gregory Sichenzia and Avital Perlman, Counsel Jeffrey Cahlon and Associate Evan Berger.

    Los Angeles Times Interviews Gregory Sichenzia on Google’s Potential Investment in Lyft

    Press Release – New York, NY – September 17, 2017 – Founding Partner Gregory Sichenzia spoke with the Los Angeles Times’ technology reporter Tracey Lien to discuss the impact of a potential investment in Lyft by Google, as the technology giant already has a size-able investment in Uber, another ride sharing company. Sichenzia was quoted numerous times throughout the article, which can be found here.

    Sichenzia Ross Ference Kesner LLP Represents Aegis Capital Corp. in $6 Million Public Offering of Units of Precipio, Inc.

    precipio diagnostics

    Press Release – New York, NY – August 23rd, 2017 –  Sichenzia Ross Ference Kesner LLP announced today that it has represented Aegis Capital Corp. as sole book running manager in the underwritten public offering of Units of Precipio, Inc. (NASDAQ: PRPO). Each Unit is comprised of 1 share of Series B Preferred Stock which is convertible into 400 shares of common stock at a price of $2.50 per share and one warrant to purchase 400 shares of common stock at $3.00 per share.   Precipio provides diagnostic information to physicians and there patients worldwide.  The Sichenzia Ross Ference Kesner LLP team was led by partner Tom Rose and counsel Jeff Cahlon.

    Rodman & Renshaw Conference in NY, NY on September 10-12, 2017

    Sichenzia Ross Ference Kesner LLP is a silver sponsor of the 19th Annual Rodman & Renshaw Global Investment Conference to be held at the Lotte New York Palace Hotel in New York City on September 10 to September 12. A memorable and exciting conference is anticipated with over 300 public and private companies presenting their businesses to an audience of approximately 2,000 attendees.

    September 10 – 12, 2017
    New York City
    Lotte New York Palace Hotel
    455 Madison Avenue at 50th Street
    New York, NY 10022

    Visit Here to learn more

    Sichenzia Ross Ference Kesner LLP Relocates NYC Headquarters

    Sichenzia Ross Ference Kesner LLP is pleased to announce that as of August 25, 2017 we have moved to a new location at 1185 Avenue of the Americas, 37th Floor, New York, NY 10036.

    As we enter our 20th year as a leading corporate, securities and litigation law firm, and expand our practice areas to include real estate and trusts and estates, our move to this vibrant mid-town New York City location will help us to better serve our diverse client base in New York and around the world.

    This new location provides our many colleagues and clients with facilitated ease of travel in and out of the city. We will share photos of the new office space as soon as we have them. Please feel free to contact marketing@srf.law with any questions — we hope to see you soon in our new home!

    Partner Benjamin Tan Joins China Internet Nationwide Financial Services, Inc. in Ringing the Closing Bell at Nasdaq MarketSite

    Press Release – New York, NY – August 16, 2017 – Sichenzia Ross Ference Kesner LLP partner,  Benjamin Tan joined China Internet Nationwide Financial Services, Inc. (NASDAQ: CIFS) , a provider of financial advisory services to the underserved small-to-medium sized enterprises in China, in ringing the closing bell at Nasdaq MarketSite in Times Square on August 15, 2017. CIFS recently closed on an initial public offering of 2,023,146 ordinary shares for a total of $20,231,460 at $10.00 per share on July 31, 2017  and its shares currently trade on the NASDAQ Global Market.

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    Sichenzia Ross Ference Kesner LLP Represents Joseph Gunnar and Fordham Financial Management in $11.8 PIPE financing of Aytu Bioscience, Inc.

    aytu bioscience

    Press Release – New York, NY – November 2, 2016 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented Joseph Gunnar & Co.  as lead placement agent and Fordham Financial Management, Inc. co-placement agent  in a private placement offering of equity securities of Aytu BioScience, Inc.  (OTC Market “AYTU”).

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    Sichenzia Ross Ference Kesner LLP Represents Vuzix Corporation in $8.6 Million Registered Direct Offering

    vuzix view the future logo

    Press Release – New York, NY – August 14, 2016 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Vuzix Corporation (NASDAQ “VUZI”) in a Registered Direct public offering of 1.5 million registered shares of its common stock at a price of $5.75 per share  for gross proceeds to Vuzix of $8,625,000.Chardan Capital Markets LLC acted as the exclusive Placement Agent for the offering.  The Sichenzia Ross Ference Kesner LLP team was led by Partners Gregory Sichenzia, Thomas Rose, and Counsel Jeff Cahlon.

    Sichenzia Ross Ference Kesner LLP Represents JetSmarter Inc. in Institutional Investment from Clearlake Capital Group and Leucadia National Corporation

    jetsmarter_logo

    Press Release — August 10, 2017 — New York, NY — Sichenzia Ross Ference Kesner LLP represented JetSmarter Inc., an innovative technology company and market leader in the premium private-flight-sharing economy, in an institutional capital raise.  The investment was anchored by lead sponsor, Clearlake Capital Group, L.P. and included participation from Leucadia National Corporation and existing investors.  Jefferies LLC acted as the exclusive placement agent to JetSmarter Inc. in connection with the financing.

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    Sichenzia Ross Ference Kesner LLP Represents CloudCommerce, Inc., in Acquisition of Parscale Creative, Inc.

    cloudcommerce inc

    Press Release – New York, NY – August 2, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented CloudCommerce, Inc., a global provider of cloud-driven e-commerce and mobile commerce solutions, in its acquisition of Parscale Creative, Inc., a company engaged in the digital marketing business, through a forward triangular merger with Parscale Digital, Inc., a newly formed wholly owned subsidiary of CloudCommerce, Inc.

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    Sichenzia Ross Ference Kesner LLP Represents China Internet Nationwide Financial Services Inc. on $20 Million Public Offering

    china internet nationwide financial services

    Press Release – New York, NY – July 31, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS), a provider of financial advisory services to the underserved small-to-medium sized enterprises in China, in an initial public offering of 2,023,146 ordinary shares for a total of $20,231,460 at $10.00 per share. The shares are expected to begin trading on the NASDAQ Global Market on August 8, 2017 under the symbol “CIFS.”

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    Sichenzia Ross Ference Kesner’s Jodi Zimmerman Conducts Q&A on “What You Should Know About Creating A Last Will & Testament”

    Press Release – New York, NY – July 26, 2017 – Jodi B. Zimmerman, Esq. of Sichenzia Ross Ference Kesner LLP participated in a Q&A blog post hosted by eSignatureGuarantee Group, to share “What You Should Know About Creating A Last Will & Testament.” The Q&A outlines the reasons for planning ahead, what to be aware of, and most importantly — the impact on your family and community.

    Read the entire post here.

    Sichenzia Ross Ference Kesner LLP Represents Rodman & Renshaw a unit of H.C Wainwright in a $7.4 Million Public Offering of Medical Transcript Billing, Corp.

    mtbc - medical transcription billing corp. logo

    Press Release – New York, NY – June 23, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Rodman & Renshaw, a unit of H.C. Wainwright, as Exclusive Placement Agent and Boenning & Scattergood, Inc. as co-placement agent in a public offering of Series A Preferred stock for Medical Transcription Billing, Corp. (MTBC.NASDAQ). MTBC is a principal provider of proprietary, cloud-based electronic health records, practice management, and mHealth solutions.

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    Sichenzia Ross Ference Kesner LLP Represents Immuron Limited on $6.1M IPO and NASDAQ listing

    immuron

    Press Release — New York, NY — June 14, 2017 — Sichenzia Ross Ference Kesner LLP (“SRFK”) announced today the Firm has represented Immuron Limited (NASDAQ: IMRN) (ASX : IMC), a clinical-stage biopharmaceutical company focused on NASH and OTC products, on the company’s U.S. underwritten public offering of American Depository Shares (ADSs) and warrants to purchase the company’s ADSs at a combined offering price of $10.00.

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    Sichenzia Ross Ference Kesner LLP Represents Joseph Gunnar, and Fordham Financial Management in $6.6 Registered Direct offering of Ampio Pharmaceuticals, Inc.

    ampio pharmaceuticals

    Press Release – New York, NY – June 8, 2017 – Nationally recognized securities and corporate law firm, Sichenzia Ross Ference Kesner LLP, announced today that it has represented Joseph Gunnar & Co. as Lead Placement agent and Fordham Financial Management as Co-Placement Agent  in a $6.6 million Registered Direct public offering of equity securities of Ampio Pharmaceuticals, Inc.(“NYSE MKT.AMPE”).

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    Sichenzia Ross Ference Kesner LLP Announces the Addition of an Established Commercial Real Estate Practice Group and Trust & Estates Practice Area

    Press Release – New York, NY – June 7, 2017 – Sichenzia Ross Ference Kesner LLP (SRFK), a leading corporate securities and full service law firm, is pleased to announce the addition of a Commercial Real Estate group and Trusts & Estates practice to its growing number of practice areas.

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    Sichenzia Ross Ference Kesner LLP Represents Joseph Gunnar & Co. and Brookline Capital Markets in a $13.25 PIPE for MRI Interventions, Inc.

    mri interventions

    Press Release – New York, NY – May 26, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Joseph Gunnar & Co., LLC, as lead Placement Agent and Brookline Capital Markets, a division of CIM Securities, LLC, as co-Placement Agent in a $13.25 Million PIPE transaction for MRI Interventions, Inc. (OTCQB: MRIC) a medical device company that is creating innovative platforms for performing the next generation of minimally invasive surgical procedures in the brain.

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    Sichenzia Ross Ference Kesner LLP Attorneys Marc Ross and Mendy Piekarski Achieve Complete Dismissal of Shareholder Derivative Lawsuit

    Press Release – New York, NY – May 24, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP recently achieved a complete dismissal of a shareholder derivative lawsuit. The shareholder plaintiff filed the derivative lawsuit in Arizona state court, asserting claims against former and current directors and officers of a company that had issued a restatement of its financial statements.

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    Sichenzia Ross Ference Kesner Associate Cass Sanford Quoted in Business Insider Article on Topics Surrounding Reg A+

    Press Release – New York, NY – May 12, 2017 – Sichenzia Ross Ference Kesner LLP associate Cass Sanford was recently quoted in a Business Insider article, sharing her insight surrounding Regulation A+ investment offerings, and why the JOBS Act mechanism for raising capital should still be considered in its infancy.

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    Sichenzia Ross Ference Kesner LLP Represents Tonix Pharmaceuticals Holding Corp. in $8 Million Shelf Take Down

    tonix pharmaceuticals

    Press Release – New York, NY – April 8, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented Tonix Pharmaceuticals Holding Corp. (“Tonix”), a company that is developing innovative pharmaceutical products to address public health challenges, in connection with its underwritten public offering of 1,800,000 shares of its common stock at an offering price of $4.45 per share of common stock.

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    Sichenzia Ross Ference Kesner LLP Represents Investor in a Private Placement of up to $5,000,000 in Series B Preferred Stock of Digital Power Corporation

    Press Release – New York, NY – March 29, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented Philou Ventures, LLC (“Philou”) in connection with its entry into a Preferred Stock Purchase Agreement (the “Purchase Agreement”) with Digital Power Corporation, a California corporation (the “Company”), a solution-driven organization that designs, develops, manufactures and sells high-grade customized and flexible power system solutions for applications in the medical, military, telecom and industrial markets.  The Purchase Agreement was executed on March 9, 2017.

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    Sichenzia Ross Ference Kesner LLP Partner Gregory Sichenzia Featured in Article Discussing Uptick in Coal and Gas IPOs

    Press Release – New York, NY– March 28, 2017 – Sichenzia Ross Ference Kesner LLP founding partner Gregory Sichenzia was recently interviewed by Law360 about the return of coal and gas issuers to the initial public offering landscape after a long absence. Greg attributed the boost partly to a change in administration, as investors expect a friendlier regulatory environment under the Trump administration. The article, titled “Coal Cos. Are Forging A Return To The IPO Pipeline,” is available here.

    Sichenzia Ross Ference Kesner LLP Represents XTL Biopharmaceuticals Ltd., in a $2.8 Million Private Placement of ADSs.

    xtlbio logo

    Press Release – New York, NY – March 22, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented XTL Biopharmaceuticals Ltd.  (“XTLB. NASDAQ”), an Israeli biopharmaceutical company engaged in the acquisition and development of pharmaceutical drugs for the treatment of lupus and other autoimmune diseases, in a private placement offering with existing investors where XTLB issued 1,400,000 American Depository Shares (ADSs) at a purchase price of $2.00 per ADS.

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    Sichenzia Ross Ference Kesner LLP Represents Rodman & Renshaw a unit of H.C Wainwright in $3.85 Million Public Offering of Innovus Pharmaceuticals, Inc.

    innovus pharma

    Press Release – New York, NY – March 21, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented Rodman & Renshaw a unit of H.C. Wainwright as Exclusive Placement Agent in the public offering of common stock and Warrants of Innovus Pharmaceuticals, Inc. (“INNV.OTC).

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    Sichenzia Ross Ference Kesner LLP Represents Pareteum Corporation in $3.5 Million Public Offering

    pareteum logo

    Press Release – New York, NY – March 20, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it represented Pareteum Corporation (NYSEMKT: “TEUM”), a leading international provider of mobile networking software and services to the Mobile Network and Internet of Things markets, in an underwritten public offering of 2,333,334 shares of common stock at a public offering price of $1.50 per share together with the issuance of 1,166,667 five year warrants to purchase common stock with an exercise price of $1.87.

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    Sichenzia Ross Ference Kesner LLP Partner Gregory Sichenzia Discusses Shareholder Comments that Impact Stock Price

    Press Release – New York, NY– March 13, 2017 – Sichenzia Ross Ference Kesner LLP founding partner Gregory Sichenzia was recently interviewed by Business Insider about comments on Pandora stock by Liberty Media CEO Greg Maffei.  The article, titled “This media mogul has wreaked havoc on Pandora’s stock price for months — and he’s not slowing down,” discusses recent positive and negative comments by Mr. Maffei about Pandora. Greg addressed the legality of public statements that can impact stock price. 

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    Sichenzia Ross Ference Kesner LLP Represents Cannabinoid Based Therapeutics Company in $12.3 Million Private Placement Led by Tuatara Capital Fund I, Ltd.

    Press Release – New York, NY – March 2, 2017 – Securities and corporate law firm Sichenzia Ross Ference Kesner LLP is pleased to announce that the firm has represented a cannabinoid based life sciences corporation whose technology is designed to synthetically produce medically beneficial cannabinoids without utilizing the actual cannabis plant for the customized treatment of disease.

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    Sichenzia Ross Ference Kesner LLP Founding Partner Gregory Sichenzia Featured in CNBC Story on Investing in Start-ups

    Press Release – New York, NY – March 3, 2017 – Founding Partner Gregory Sichenzia was recently featured in a CNBC article authored by Kayleigh Kulp. The article entitled, “New Horizons: How to Invest in a Startup,” reviews the many things investors must know to effectively evaluate and invest in a start up.

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    Sichenzia Ross Ference Kesner LLP Represents Aegis Capital Corp. and Laidlaw & Company (UK) Ltd. in $4.8 Million Public Offering

    functionx logo

    Press Release – New York, NY – February 28, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented Aegis Capital Corp. and Laidlaw & Company (UK) Ltd. as joint book-running managers in the underwritten public offering of common stock of Function(x) Inc. (NASDAQ: FNCX).  Function(x) operates Wetpaint.com and Rant.

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    Sichenzia Ross Ference Kesner LLP Represents Joseph Gunnar and Fordham Financial Management as Warrant Agent in $2.3 Million Warrant Exchange and Exercise for AYTU BioScience, Inc.

    aytu bioscience

    Press Release – New York, NY – February 28, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented Joseph Gunnar & Co., LLC and Fordham Financial Management, Inc. as warrant solicitation agents in a $2.3 warrant exchange and exercise for Aytu Bioscience, Inc. (OTCQB “AYTU”).

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    Sichenzia Ross Ference Kesner LLP Represents XTL Biopharmaceuticals Ltd. in $2.5 Million Registered Direct Offering

    xtlbio logo

    Press Release – New York, NY – February 27, 2017 – Sichenzia Ross Ference Kesner LLP announced today that it has represented XTL Biopharmaceuticals, Ltd. (NASDAQ: XTLB) (TASE: XTL.TA), an Israeli clinical-stage biopharmaceutical company developing treatments for autoimmune diseases, in a registered direct offering of 1,000,000 American Depository Shares (“ADSs”) at a price of $2.50 per share and unregistered warrants to purchase 1,000,000 ADSs at an exercise price of $4.10 per ADS for gross proceeds of $2,500,000. continue reading >>

    Sichenzia Ross Ference Kesner LLP Founding Partner Gregory Sichenzia Discusses Delay of Fiduciary Rule on CNBC

    Press Release – New York, NY– February 10, 2017 – Founding partner Gregory Sichenzia discussed the Trump administration’s potential rollback of the new fiduciary rule applicable to broker-dealers that was to go into effect in April 2018.  Greg noted that this new standard is likely to lead to substantial regulatory costs and may not result in better products or targeted advice.

     To view the video, click here.

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